The global ultrasound size was estimated to be USD 6.9 billion in 2023 and is expected to reach at USD 14.4 billion by 2033 with a CAGR of 6.9% during the forecast period 2023-2033. Growing demand for non-invasive diagnostic imaging, rising need for point-of-care diagnostics, technological innovations for compact and portable ultrasound, increasing focus on early disease detection, and advancements in artificial intelligence (AI) integration will drive the market growth.
The availability of ultrasound imaging in numerous healthcare settings has increased thanks to the development of small, portable ultrasound machines. These tools are especially useful in distant or resource-constrained locations where access to conventional imaging equipment may be restricted. The market is growing as a result of technological developments that make portable and miniaturised ultrasound devices more useful in a variety of healthcare settings. For instance, GE Healthcare will introduce the VenueTM Fit Ultrasound System in June 2023. The Venue Fit ultrasound system was unveiled by GE Healthcare. It is a portable, portable device made for point-of-care and emergency medicine applications.
By product type, 2D ultrasound was the highest revenue-grossing segment in the ultrasound medicine market in 2022 owing to its wide availability, cost-effectiveness, and established usage in various medical specialties such as obstetrics, radiology, and urology. For instance, Philips Healthcare added the Reacts collaborative platform to its Lumify handheld ultrasound range in May 2023, providing real-time voice and video sharing for remote consultations and education. Handheld/portable ultrasound will be the fastest revenue-grossing segment in the global ultrasound market in 2022 owing to its increasing adoption in point-of-care settings, remote healthcare delivery, and resource-limited areas.
By applications, radiology was the highest revenue-grossing segment in the ultrasound medicine market in 2022 owing to its wide range of applications, including the diagnosis and monitoring of various diseases and conditions in multiple organ systems. For instance, in March 2023, Siemens Healthineers launched the ACUSON Redwood ultrasound system, which includes cutting-edge imaging technologies including the Deep Abdominal Transducer (DAX) and automation capabilities powered by AI for improved clinical performance. Urology will be the fastest revenue-grossing segment in the global ultrasound market in 2022 owing to the rising incidence of urological disorders, such as kidney stones, urinary tract infections, and prostate diseases, along with the increasing adoption of ultrasound imaging in urological diagnostics and interventions.
By end-user, hospitals was the highest revenue-grossing segment in the ultrasound medicine market in 2022 owing to the high volume of ultrasound procedures conducted in hospital settings, the wide range of specialties and departments utilizing ultrasound imaging, and the availability of advanced infrastructure and resources within hospitals. For instance, Canon Medical will release the Aplio i-series Ultrasound Systems in October 2022. The Aplio i-series ultrasound systems from Canon Medical Systems are equipped with cutting-edge image processing technology, an ergonomic design, and increased workflow efficiency for better diagnostic accuracy. Research and academic institutes will be the fastest revenue-grossing segment in the global ultrasound market in 2022 owing to the increasing emphasis on medical research, technological advancements, and the demand for ultrasound imaging in academic settings for educational and research purposes
The availability of ultrasound imaging in numerous healthcare settings has increased thanks to the development of small, portable ultrasound machines. These tools are especially useful in distant or resource-constrained locations where access to conventional imaging equipment may be restricted. The market is growing as a result of technological developments that make portable and miniaturised ultrasound devices more useful in a variety of healthcare settings. For instance, GE Healthcare will introduce the VenueTM Fit Ultrasound System in June 2023. The Venue Fit ultrasound system was unveiled by GE Healthcare. It is a portable, portable device made for point-of-care and emergency medicine applications.
By product type, 2D ultrasound was the highest revenue-grossing segment in the ultrasound medicine market in 2022 owing to its wide availability, cost-effectiveness, and established usage in various medical specialties such as obstetrics, radiology, and urology. For instance, Philips Healthcare added the Reacts collaborative platform to its Lumify handheld ultrasound range in May 2023, providing real-time voice and video sharing for remote consultations and education. Handheld/portable ultrasound will be the fastest revenue-grossing segment in the global ultrasound market in 2022 owing to its increasing adoption in point-of-care settings, remote healthcare delivery, and resource-limited areas.
By applications, radiology was the highest revenue-grossing segment in the ultrasound medicine market in 2022 owing to its wide range of applications, including the diagnosis and monitoring of various diseases and conditions in multiple organ systems. For instance, in March 2023, Siemens Healthineers launched the ACUSON Redwood ultrasound system, which includes cutting-edge imaging technologies including the Deep Abdominal Transducer (DAX) and automation capabilities powered by AI for improved clinical performance. Urology will be the fastest revenue-grossing segment in the global ultrasound market in 2022 owing to the rising incidence of urological disorders, such as kidney stones, urinary tract infections, and prostate diseases, along with the increasing adoption of ultrasound imaging in urological diagnostics and interventions.
By end-user, hospitals was the highest revenue-grossing segment in the ultrasound medicine market in 2022 owing to the high volume of ultrasound procedures conducted in hospital settings, the wide range of specialties and departments utilizing ultrasound imaging, and the availability of advanced infrastructure and resources within hospitals. For instance, Canon Medical will release the Aplio i-series Ultrasound Systems in October 2022. The Aplio i-series ultrasound systems from Canon Medical Systems are equipped with cutting-edge image processing technology, an ergonomic design, and increased workflow efficiency for better diagnostic accuracy. Research and academic institutes will be the fastest revenue-grossing segment in the global ultrasound market in 2022 owing to the increasing emphasis on medical research, technological advancements, and the demand for ultrasound imaging in academic settings for educational and research purposes
Global Ultrasound, By Region (USD Billion)
North America was the highest revenue-grossing segment in the global sports medicine market in 2022 owing to the well-established sports medicine infrastructure, high awareness and participation in sports activities, and significant investments in sports-related healthcare services. For instance, Fujifilm introduced the SonoSite PX ultrasound system in September 2022, integrating cutting-edge imaging technologies, AI-driven tools, and a touchscreen interface for expedited point-of-care ultrasound scans. (Sept. 2022) Asia Pacific will be the fastest revenue-grossing segment in the global sports medicine market in 2022 owing to the rapid growth of the sports and fitness industry, increasing sports participation, rising awareness about sports-related injuries, and the expanding healthcare infrastructure.Global Handheld/Portable Ultrasound Market (USD Billion), 2023 & 2033
This comprehensive research report focuses on the global and regional market size and forecasts from 2022 to 2033.Report Scope:
- Base Year: 2022
- Forecast Period: 2023-2033
- Study Coverage
- Market Forecast by Product type, Application, End-user
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement
Segmentation: Ultrasound Market Report 2022-2033
Ultrasound Market Analysis & Forecast by Product Type 2022-2033 (Revenue USD Bn)
- 2D Ultrasound
- 3D/4D Ultrasound
- Doppler Ultrasound
- Handheld/Portable Ultrasound
Ultrasound Market Analysis & Forecast by Application 2022-2033 (Revenue USD Bn)
- Obstetrics and Gynecology
- Radiology
- Cardiology
- Urology
- Musculoskeletal
- Vascular
Ultrasound Market Analysis & Forecast by End-user 2022-2033 (Revenue USD Bn)
- Hospitals
- Diagnostic Imaging Centers
- Clinics and Ambulatory Care Settings
- Research and Academic Institutes
Ultrasound Market Analysis & Forecast by Region 2022-2033 (Revenue USD Bn)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin American
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Ultrasound: Product Type Estimates & Trend Analysis
8. Ultrasound: Application Estimates & Trend Analysis
9. Ultrasound: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Ultrasound Market
12. Europe Global Ultrasound Market
13. Asia Pacific Global Ultrasound Market
14. Latin America Global Ultrasound Market
15. MEA Global Ultrasound Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- GE Healthcare
- FUJIFILM Holdings Corporation
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- Medgyn Products Inc.
- Hitachi Ltd.
- Hologic Inc.
- Samsung Electronics Co. Ltd.
- Mindray Medical International Limited
- Analogic Corporation
- Esaote S.P.A.
- Siemens Healthineers AG
- Carestream Health
- CURA Healthcare
- Chison Medical Technologies Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | July 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 6.9 Billion |
| Forecasted Market Value ( USD | $ 14.4 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
